Canada's WSP crosses 90% threshold to mop up remaining Opus shares
By Rebecca Howard Nov. 10 (BusinessDesk) - WSP Global Inc, a Canadian listed consultancy firm, has crossed the 90 percent threshold needed to enforce mop-up provisions in its takeover bid for local engineering firm Opus International Consultants, meaning it just needs regulato...
NZ dollar gains as RBNZ forecasts show possible earlier rate hike
By Rebecca Howard Nov. 9 (BusinessDesk) - The New Zealand dollar rose after the Reserve Bank brought forward the timing of a potential rate hike on the back of higher inflation, a weaker currency and fiscal stimulus. Longer-dated swap rates also rose. The kiwi dollar was tr...
RBNZ backs decision-making committee but wants to keep it in-house
By Rebecca Howard Nov. 9 (BusinessDesk) - The Reserve Bank of New Zealand is in favour of formalising a committee-based decision-making process but would prefer to keep out external members, and doubts adding employment as a joint mandate will have a major impact on monetary p...
UPDATE: RBNZ's Spencer keeps rates on hold, brings forward timing of rate hikes
(Updates to add detail throughout, comment from economist) By Rebecca Howard Nov. 9 (BusinessDesk) - Acting Reserve Bank governor Grant Spencer kept the official cash rate unchanged at 1.75 percent but brought forward a potential rate hike to June 2019 from September that...
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